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Discussion Starter #1
I have been a Honda Civic owner all my life. (43 years old) I have had 5 of them since I began driving....all new and put anywhere from 125,000 to 225,000 miles on each of them before selling and replacing. I have never had any type of failure or breakdown and ONLY had normal maintenance and W&T items repaired or replaced. Not a single major failure that had cost me more than $300-$500 during the whole time I have been driving Civics...not 1 single need to return to the dealer with all 5 cars for anything.

This is my first adventure into a nice car :)

Should I be considering the extended warranty? I put about 20-25K miles on a car per year but rediculously meticulous with preventative maintenance.

#1 - what would you do?

#2 - if I am considering the extended warranty should I buy it from my dealer or is it like my motorcycles where I can buy the extended warranty from any dealer in the country and some will negotiate? (e.g. My Honda Goldwing warranty from my delaer was $1800 for 5 additional years but a dealer in Kentucky discounts it to a touch above his actual cost) This is a Honda Factory warranty not aftermarket.

#3 - what's the normal terms and prices for the extended warranty?

Suggestions, thoughts, advice.....

Plan on keeping the car for 5 or 6 years.

Thanks fellas.
 

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My opinion is that extended warranties rarely pay off, especially for someone like you who does all the proper maintenance. My Porsche Boxster was my first foray into a more exotic and expensive car. I am the second owner and purchased it just out of factory warranty. Like you I was concerned about getting stuck with an expensive repair, and opted to spend $3500 on a 3 year/36K policy. Worst decision I ever made during a car purchase. I've performed all the maintenance myself, and it has been the most reliable car I've ever owned. Worst problem in ten years of ownership was a check engine light for emission control. I fixed that with the advice of the people on the Renntech Porsche board by cleaning the MAF sensor at a cost of $11 for the MAF cleaning spray. Thus extended warranty was a total waste.
 

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It comes down to how risk averse you are, as well as the cost of the warranty.


I'm an extended warranty advocate from prior experiences. I passed on the $900 extended warranty on my purchased as new 2001 Honda Odyssey and once it was out of warranty ended up spending at least $2,000 on various repairs until we sold the car. After that, I have always purchased extended warranties on the subsequent Hondas, Acuras, and Nissans. All subsequent cars had nav systems whose replacement alone would cover the warranty. I never paid more than $1,200 for extensions out to 7 years and 125k miles.


While I had my Z, I purchased a MINI Cooper Countryman to use as a daily driver. I did not get an extended warranty/maintenance program on that car. It was covered for four years, so I knew I would trade it in before that.


Well, the whole third car thing got to be a drag, and I ended up with a Z car in the garage that I never drove. Long story short, I sold the Z (the extended warranty helped clinch the deal), and traded in the MINI on my GLA.


I did purchase the four years of maintenance on the car after beating down the dealer on the cost. I'm not getting a warranty though. Way too expensive for me, and I'll never hit the mileage limit any way.


I put less than 10K a year on the car, and now have an incentive to trade it in in four years - which is obviously the intent of MB (and MINI/BMW too).


Due to the cost of an extended warranty on these cars, I agree 100% with Boxster - the risk reward paradigm changed for me significantly.


Hope that helps.


Welcome to the Club!
 

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My extended warranty on the CPO 2008 E class I just traded more than paid for itself in the time I owned the car and its expiration was main reason I traded it in on the GLA. Mercedes parts are expensive and living in an area without any good Independent shops forces me to rely on the dealership.
 

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Take the price of the extended warranty, throw it into a savings account. If you run out of warranty, the money will always be there for the repair. If the repair never comes... You get your money back.
 
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Discussion Starter #7
I like the way Honda did it....although I never bought it.

Buy it...if you never use it...we will give you your money back.

Need to price it out. Under $1500 I may go for it.

Need to look into the "maintenance" package too.
 
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